BCB Bancorp Reduces Dividend to $0.08 Amid Earnings Concerns and Volatile Past

BCB Bancorp (NASDAQ:BCBP) is reducing its dividend to $0.08, with a yield of 3.9%, above the industry average. The company has a long history of paying dividends but has struggled to sustain them in recent years, with earnings coverage a concern. Analysts expect EPS to increase in the next 3 years, and the estimated future payout ratio is 48%, improving the sustainability of the dividend. However, the dividend has been cut at least once in the last 10 years, and EPS has fallen by approximately 25% per year over the past 5 years.